. Cost, capitalization and estimated value of American railways; . Now it so happens that Professor Adams in submitting hisreport on the commercial value of the railways for the CensusBureau in 1904 presented a table which he called A compari-son between the Actual Commercial Value of Railway prop-erty devoted to transportation and the latest reported values ofrailway property assessed for purposes of taxation in variousstates and territories. For some unexplained reason no lessthan seven states, including three of the most important, wereomitted entirely from the table. Incomplete as it was t


. Cost, capitalization and estimated value of American railways; . Now it so happens that Professor Adams in submitting hisreport on the commercial value of the railways for the CensusBureau in 1904 presented a table which he called A compari-son between the Actual Commercial Value of Railway prop-erty devoted to transportation and the latest reported values ofrailway property assessed for purposes of taxation in variousstates and territories. For some unexplained reason no lessthan seven states, including three of the most important, wereomitted entirely from the table. Incomplete as it was this tableshowed that the railway property assessed for taxation amounted 145 Diagram and Table. Estimated True Value of All Property, and Assessed Valuation of PortionSubject to Ad Valorem Taxation for Each State and Territory, 1904;vide Wealth, Debt and Taxation, Official Reports of the Census Office,1907, pages 28 and 41. HUNDREDS OF MILLIONS OF DOLLARS90 MASSACHUSETTS CALIFORNIA IOWA NEBRASKA KENTUCKY MARYtANO CONNECTIOUT VIRQINIA COLORADO OEOROIA TENNESSEE. COLUMBIA LOUISIANA ALABAMA OREQON NORTH CAROLINA WEST vmOINIA ARKANSAS RHODE ISLAND north DAKOTAMIS3ISSI>-PISOUTH DAKOTA SOUTH CAROLINA WYOMINOARIZONADELAWARS .NEVADA Estimated true value of all property. Assessed valuation of portion subject to taxation. United New York Pennsylvania. . Illinois Ohio California Iowa Missouri Minnesota Michigan New Jersey Indiana. Wisconsin Texas Kansas Nebraska Kentucky Marjland Connecticut Virginia Colorado Georgia Tennessee Washington Dist. of Columbia Louisiana Alabama Oregon North Carolina . .West Viginia .... Arkansas Rhode Island,. . Maine Montana North Dakota . Mississippi South Oklahoma South Hampshire . Utah Indian Territory Florida Vermont Idaho New Mexico Wyoming Arizona Delaware Nevada Estimated True Value of allProperty, 1904. $107,104,192,410 14,769,042,207 11,473,620,306 8,816,556,191 5,946,969,466 4,956,578,9


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